Cassini Resources Eyes New Targets at Yarawindah Brook

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has identified new anomalies via results and interpretation of an Airborne Electromagnetic (AEM) survey carried out at the company’s Yarawindah Brook project in Western Australia.

Cassini Resources completed the AEM survey on the early stage nickel-copper-cobalt sulphide Yarawindah Brook exploration project in February.

According to Cassini, the survey identified several new conductive anomalies on the project, the strongest being a pair of anomalies, known as XC05 and XC06, in the western portion of the project.

These anomalies measure approximately 800 metres and 400 metres in strike respectively and are aligned along a strong regional structural trend, closely associated with a mafic/ultramafic intrusion.

The company collected nickel anomalous rockchip samples from outcrops immediately to the east of the conductors, however the anomalies themselves have no surface expression.

A third new anomaly, XC14, has an extent of 100m, and also appears to be associated with a strong NWSE trending structural feature in the centre of the project area.

Similarly, this anomaly has no surface expression.

“The company is highly encouraged by these early results, which supports the belief that the project has excellent potential to host significant bodies of magmatic nickel-copper-cobalt sulphides,” Cassini Resources said in its ASX announcement.

“The exploration team has begun planning for follow-up surface moving loop EM surveys over XC05, 06 and 14 to assist drill targeting.

“Drill testing is likely to occur at several targets including down-plunge testing of YWRC0083, as soon as practical, following the company’s current activities at West Arunta and Mount Squires.

“An RC drill program is due to commence at the West Arunta zinc project in June, pending heritage and environmental clearances.”